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LATVIAN COMPETITION AUTHORITY FINES LITHUANIAN COMPANY VAIZGA FOR UNNOTIFIED MERGER
29 10 2018

The Competition Council of Latvia announced that on April, 2018 it cleared the proposed acquisition of Latvian company Petrol Property by the Lithuanian company Vaizga . As Vaizga failed to submit merger notification before closing the transaction, the Competition Council of Latvia initiated a formal case investigation. The competition...

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PARTICIPANTS OF AUCTION BY IGNALINA NUCLEAR POWER PLANT DID NOT AVOID LIABILITY FOR CARTEL INFRINGEMENT
10 09 2018

Vilnius Regional Administrative Court (Court) upheld the decision of the Lithuanian competition authority Konkurencijos taryba, according to which UAB Norvesta and the German company Sypra concluded a cartel agreement while participating in the radioactive scrap metal auction conducted by Ignalina nuclear power plant.

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FIRST COMMON EASTERN EUROPEAN COMPETITION WORKSHOP BY U.S. FTC AND LITHUANIAN COMPETITION AUTHORITY GATHERS FOREIGN COMPETITION EXPERTS
04 09 2018

September 4 marked the start of a two-day  Eastern European Competition Workshop in Vilnius. The event, which was organised by the U.S. Federal Trade Commission in partnership with the Lithuanian competition authority Konkurencijos taryba, gathered almost 50 competition experts from Lithuania, Croatia, Czech Republic, Estonia, Georgia,...

COMPETITION COUNCIL CLOSES INVESTIGATION INTO SWEDBANK  ACTIONS
13 06 2018

The Lithuanian Competition Council closed the investigation into the compliance of Swedbank actions with the requirements of the Law on Competition upon Swedbank submitting written commitments suitable for the elimination of the alleged competition law breach and creating preconditions to avoid it in the future.

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VILNIUS REGIONAL ADMINISTRATIVE COURT UPHOLDS ALMOST EUR 1 MILLION FINE IMPOSED ON KAUNO GRŪDAI
13 06 2018

Vilnius Regional Administrative Court has rejected the appeal by AB Kauno grūdai against the Competition Council’s decision of 9 June 2017, whereby the company was fined EUR 947,700 for acquiring about 51 per cent of Vievio paukštynas shares and gaining control over the company, and thus implementing an unnotified merger.

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COURT CONFIRMS THAT GUEST HOUSES CANNOT BE ADVERTISED AS APARTMENTS
11 05 2018

Vilnius Regional Administrative Court (Court) has rejected the complaint by Kauno būstai and upheld the Competition Council‘s EUR 6,300 fine for the dissemination of misleading advertising.

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THREE PERSONS RESTRICTED OF THE RIGHT TO OCCUPY MANAGERIAL POSITIONS
07 05 2018

The Competition Council informed the Centre of Registers, which is responsible for administering the Register of Legal Entities, that Vilnius Regional Administrative Court restricted the right of Vitalijus Mukovozas, Manager of Baltic Transport Service , Andrejus Falevičius, Manager of Convertus and Gediminas Ivanauskas, Manager of Gedarta...

NOTARY FEES SET BY LITHUANIAN CHAMBER OF NOTARIES RESTRICTED COMPETITION
27 04 2018

The Competition Council found that the Lithuanian Chamber of Notaries and members of its Presidium concluded an anti-competitive agreement by setting the amount of notary fees and agreeing upon their calculation procedure. The Council imposed EUR 88,400 fine on the Lithuanian Chamber of Notaries, and fines ranging from EUR 100 to EUR 20,800 on eight members of the Presidium for the infringements of the Law on Competition and the Treaty of the Functioning of the European Union.

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MANAGERS OF COLLUDING FIRMS FACE SANCTIONS
03 04 2018

Vilnius Regional Administrative Court (Court) upheld the Competition Council’s request to restrict the right of V. M. of Baltic Transport Service , A. F. of Convertus and G. I. of Gedarta to be the managers of a public or private legal person. It has been the first time when the Court imposed a sanction on the managers of the undertakings...

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CLASSIFIED ADS MERGER CASE REFERRED BACK TO VILNIUS REGIONAL ADMINISTRATIVE COURT FOR REEVALUATION
15 03 2018

The Supreme Administrative Court of Lithuania (Court) satisfied the appeal of the Competition Council and annulled the ruling of Vilnius Regional Administrative Court, according to which the Council was obliged to conduct an additional investigation regarding the merger of the Estonian managers of classified ads.

COURT DID NOT REJECT LIABILITY FOR MISLEADING ADVERTISING
08 03 2018

Vilnius Regional Administrative Court (Court) rejected the complaints by NT partneriai and Karolinos turas and upheld the Lithuanian Competition Council’s decision, according to which the companies were fined for misleading advertising.

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ATTEMPT TO BRIBE EMPLOYEE OF LITHUANIAN COMPETITION COUNCIL RESULTED IN CUSTODIAL SENTENCE
09 01 2018

Vilnius County Court acknowledged D. J. guilty of an attempt to bribe an employee of the Lithuanian Competition Council and sentenced him to a suspended sentence of two years in prison, as well as imposed a fine of EUR 7,532.

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